RMB projects 4.2% growth for Botswana

The forecast is marginally below government and the International Monetary Fund’s projections that the local economy will grow by 4.3 percent growth this year. The local economy expanded by 11.4% last year, rebounding from a COVID-19 induced contraction in 2020.

RMB’s forecasts are contained in its mid-year Africa Economic Outlook. RMB is the corporate and investment banking arm of FirstRand Bank Limited – of which RMB and First National Bank Botswana (FNBB) are both divisions.